Pine Cliff Energy Balance Sheet Health
Financial Health criteria checks 3/6
Pine Cliff Energy has a total shareholder equity of CA$99.9M and total debt of CA$59.0M, which brings its debt-to-equity ratio to 59.1%. Its total assets and total liabilities are CA$477.1M and CA$377.1M respectively. Pine Cliff Energy's EBIT is CA$1.1M making its interest coverage ratio -0.8. It has cash and short-term investments of CA$208.0K.
Key information
59.1%
Debt to equity ratio
CA$59.03m
Debt
Interest coverage ratio | -0.8x |
Cash | CA$208.00k |
Equity | CA$99.93m |
Total liabilities | CA$377.14m |
Total assets | CA$477.07m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: PIFY.F's short term assets (CA$31.2M) do not cover its short term liabilities (CA$64.5M).
Long Term Liabilities: PIFY.F's short term assets (CA$31.2M) do not cover its long term liabilities (CA$312.6M).
Debt to Equity History and Analysis
Debt Level: PIFY.F's net debt to equity ratio (58.9%) is considered high.
Reducing Debt: PIFY.F's debt to equity ratio has reduced from 98.9% to 59.1% over the past 5 years.
Debt Coverage: PIFY.F's debt is well covered by operating cash flow (112.9%).
Interest Coverage: PIFY.F earns more interest than it pays, so coverage of interest payments is not a concern.